Retired financial advisors consistently report that thoughtful succession planning plays a major role in their retirement satisfaction, according to Raymond James surveys conducted since 2018. 

One of the first key steps is identifying a successor early, whether through personal networks, firm support, or tech tools like Raymond James’ Practice Exchange. Once a successor is chosen, communicating the plan clearly and proactively to clients helps ease their concerns and ensures continuity in relationships. 

Many advisors delay these conversations due to anxiety, but regular updates build trust and allow clients to transition comfortably. Another often overlooked element is preparing mentally for retirement—knowing how you'll spend your time, whether it’s mentoring, traveling, or simply relaxing. 

Finsum: Ultimately, planning both the handoff and your post-career lifestyle is crucial to making your retirement both smooth and fulfilling.